OECD warns on global funding struggle
By David Oakley in London
Markets and governments face an uphill struggle to fund themselves next year amid extreme uncertainty overthe eurozone and the global economy, as new figures reveal that the borrowing of industrialised governments has surged beyond $10tr this year and is forecast to grow further in 2012.
The Organisation for Economic Co-operation and Development, which represents the leading industrialised nations, will warn in its latest borrowing outlook, due to be published this month, that financial stresses are likely to continue with the “animal spirits” of the markets – their unpredictable nature – a threat to the stability of many governments that need to refinance debt.
READ MORE HERE
Wall Street Journal - 2 hours ago
But the OECD said there are signs that some economies will perform less badly than others. It said economic activity in Brazil, France, Germany, India, ...
OECD says world's largest economies slow further Telegraph.co.uk
Poor mental health harming productivity, says OECD Reuters
OECD to Putin: tighten the purse strings Financial Times (blog)